Apt: 11-1,2,3; 13-1,2,3
New Edinburgh - Lindenlea K1M 0P3
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C2,150,000
($1,571,200)
(€1,343,900)
Annual Taxes:C9,311
505 Park Ave, New York, NY 10022

Cap Rate 5. 6. Fully renovated 6 plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park.

Description

Cap Rate = 5.6%. Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms and kitchens w quartz countertops, new flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east facing decks. Units rent from $1,800/ month to $2,200/month. Parking for 6 cars in adjacent lot, also for sale separately or combined. (See MLS: 13010148) Rent roll for all 6 units available. Recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, vet clinics, restaurants and specialty shops. Bike and jogging paths, and winding, secluded streets of Rockliffe Park only a stones throw away. Great location and excellent investment opportunity.

Amenities

  • Public Transit

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.